Related COI Statements

Ethics in Purchasing:

KRS 164.821(7) prohibits
university employees from having an interest in a contract to provide goods or
services to the University of Louisville proper, with the exception of
compensation to the employee. This prohibition is also addressed in section 1.2
of the Addressing Potential Individual Conflict of Interest Policy.

University Counsel’s Office has determined that this prohibition applies to the University of Louisville proper only. This statutory prohibition would not apply to contracts with the University of Louisville Research Foundation (ULRF), the University of Louisville Athletic Association (ULAA), or the University of Louisville Foundation (ULF).

Accordingly, University employees may not have a direct ownership interest in an entity with a contract to provide goods or services to the University of Louisville proper. As per
University Counsel current interpretation of KRS 164.821(7) application, an
indirect interest includes employees receiving some direct financial benefit,
including spousal or dependent interest.